Business news
ASX sheds $60bn as surging bond yields rattle investors
Australian shares across every sector slid as a bond market sell-off in the US flowed through to equities, wiping about $60bn from the local market in a…
Mark Bouris warns of stagflation as RBA cash rate hits 4.6%
Yellon Brick Road's Mark Bouris says Australia is sliding toward stagflation and wants a wage-rise pause, as the RBA cash rate climbs to 4.6% and productivity…
Inflation hits 4.0 per cent hours after RBA interest rate decision
CPI climbed to 4.0% annually while the RBA's preferred core measure held at 3.6%, landing in line with forecasts just hours after the central bank's latest…
Dollar slumps to 70 US cents as Anthropic IPO looms
The Australian dollar sank below 70 US cents despite a rate rise, as leaked details of Anthropic's $2 trillion IPO prospectus rattled tech and data-centre…
RBA rate rise to 4.6% piles pressure on new homeowners
The Reserve Bank's latest quarter-point hike has pushed the cash rate to a near-15-year high, adding hundreds of dollars a month to mortgage repayments.
Surcharge ban won't cut prices, Brisbane owner warns
A Brisbane small business owner says the debit card surcharge ban won't save shoppers money - it will just push bank fees into menu prices and invoices.
Markets brace for RBA rate rise as Australian dollar holds steady
Economists and futures markets are almost unanimous a rate rise is coming this week, with mortgage costs set to climb as the Aussie dollar and shares sit flat.
Petrol prices could pass $2.70 a litre as unleaded averages $2.40
Unleaded 91 is averaging $2.40 a litre and could climb past $2.70 as Middle East tensions bite, just as the Reserve Bank prepares another rate rise.
Unemployment rises to 4.6% as David Jones faces insolvency fears
Jobless rate climbs to 4.6% despite 39,500 new jobs, while retail giants David Jones and Myer battle mounting cost pressures ahead of Christmas trade.
Card surcharge ban triggers early price hikes at Queensland cafes
Queensland cafes are raising prices 5-10% ahead of October's card surcharge ban, as owners say bank fees are simply shifting from customers to businesses.
Brisbane petrol prices near $2.40 a litre, retailers' body warns of more
Fuel industry chief Rowan Lee explains why Brisbane petrol and diesel prices are climbing toward $2.40 and $2.90 a litre, and why relief isn't near.
Economists warn of more interest rate rises before mid next year
Economists warn households may face several more interest rate rises within months as government spending and surging fuel prices squeeze family budgets.
Australian apprentice completion rate of 58.7% fuels housing supply crunch
Only 58.7% of Australian trade apprentices finish their training, worsening a housing crisis as tech giants lure sparkies to $200k data centre jobs.
Red tape costs Queensland small businesses a full-time wage
Business Chamber Queensland warns regulatory burden has reached a tipping point, with small businesses forced to hire dedicated compliance staff just to keep…
Brisbane small businesses cite cash flow and confidence pressures on 4BC
A 4BC Brisbane roundtable with On Deck CEO Cameron Pullman and local owners exposes the real pressures squeezing Queensland small businesses in 2024.
Upper Hunter eyes data centre boom as mining era closes
NSW positions Upper Hunter as data centre hub, leveraging mining-era power and water infrastructure to capture Asia-Pacific cloud and AI investment.
New York wine importer wins court ruling against Trump tariffs
Small New York importer's legal challenge temporarily blocks Trump's sweeping Liberation Day tariffs in surprise court victory, though appeal already halts…
Business Council of Australia urges AI adoption for economic growth
Australian business leaders say AI deployment on routine work is key to economic growth and competitiveness.
Blind creator Molly Burke, 31, speaks at Guide Dogs beauty summit
Molly Burke, who lost her sight at 14, has built 3+ million followers on YouTube and TikTok, becoming the first blind creator to reach 1M followers and…
Newcastle's controversial business levy faces make-or-break survey
An independent audit has triggered a public review of Newcastle's Special Business Rate, an extra tax on local businesses that many say lacks transparency and…
NSW small businesses and farmers struggle to recover after latest floods
Small business and farm sector struggles with repeated flood impacts across NSW, highlighting critical need for livelihood recovery strategies.
Newcastle Airport adds Perth route, boosting Hunter region economy
Direct flights to Perth mark Newcastle Airport's evolution into a critical economic hub as the Hunter region transitions away from coal dependency.
Five regional billionaires worth over $11 billion as Young brothers debut
Young brothers debut on regional rich list as five billionaires control $11bn. Tim Heath leads at $2.46bn, reflecting Australia's concentrated regional wealth.
Victorian brothers Shane and David Young join AFR rich list
Two Victorian brothers make their AFR rich list debut, joining a growing cohort of regional Australians commanding billion-dollar fortunes in agriculture and…
$5b ANZ-Suncorp merger approved with Queensland job protections
Treasurer Jim Chalmers approves ANZ's $5 billion acquisition of Suncorp's banking arm, subject to $15B renewable energy commitments and three-year job…
Westpac's musical State of Origin ad launches NRL partnership
Westpac and DDB Sydney debut a musical ad during Origin 1, featuring a banker and referee to celebrate the bank's official NRL partnership.
QBE launches campaign featuring Sydney Swans and NSW Swifts athletes
QBE Insurance launches campaign with Sydney Swans and NSW Swifts players, showing how coverage protects against unexpected moments in home, car and business…
QBE Insurance launches Swans and Swifts partnership campaign
QBE Insurance rolls out campaign with Sydney Swans and NSW Swifts players, positioning itself as a protector for unexpected life moments across home, car and…
QBE backs local businesses in new Swans, Swifts campaign
Insurance giant QBE launches campaign featuring Sydney Swans and NSW Swifts to highlight local protection for residents and businesses.
QBE doubles down on Sydney community with new sports campaign
QBE Insurance reinforces support for Sydney residents through major campaign featuring Swans, Swifts players and spotlighting local business insurance.
Jenny Craig Australia enters administration after US parent bankruptcy
Jenny Craig Australia and New Zealand entered voluntary administration after the American parent company collapsed.
FTI Consulting appointed as Jenny Craig Australia enters administration
Weight loss chain Jenny Craig Australia placed into voluntary administration after US parent company bankruptcy, contradicting earlier statements to customers.
Jenny Craig Australia enters administration days after assuring customers
Jenny Craig Australia enters administration after US parent collapses. Thousands of local customers and staff now face uncertainty about ongoing programs.
Jenny Craig Australia enters voluntary administration
Weight loss giant Jenny Craig Australia and New Zealand enter voluntary administration after US parent bankruptcy, shocking customers days after reassurances.
RIC expands Orange team by 27 staff to speed farm loans across Australia
Orange-based Regional Investment Corporation adds 27 new staff to streamline loan support for drought and flood-affected farmers.
Credit Suisse absorbed into UBS as banking crisis rocks global markets
Credit Suisse collapses after Silicon Valley Bank failure, signalling systemic financial risk.
Myer's Brisbane Queen Street closure raises questions for Mackay retail
The Myer flagship closure in Brisbane raises urgent questions about Mackay's store and the future of regional retail employment and shopping districts.
TBWA Sydney expands strategy team with Sebastian Revell promotion
TBWA Sydney promotes Sebastian Revell to head of strategy and adds four specialists to strengthen integrated planning capabilities.